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The government has announced a 3-day administrative window for bondholders to complete processes for tendering their bonds. A statement issued by the Ministry of Finance and signed by the Sector Minister, Ken Ofori-Atta, said the window…

The economy spent over GH¢6.8billion (equivalent to US$560million at current market rates) importing rice, a grain that can be produced locally, last year. While total rice consumption stood at 1.4 million metric tonnes in 2022, imports…

The export of cocoa beans will rake in $4.1 billion for the country in 2025, Minister of Information, Kojo Oppong Nkrumah has disclosed. According to him, revenue from cocoa production has been on an upward trajectory since 2019, hence…

Ghana is planning to convert an estimated $3.3bn in loans owed to its central bank into bonds, according to sources familiar with the matter. This move would make the central bank the largest holder of domestic government securities,…

Players in the financial service sector have said the profitability of banks who sign on to the government’s Domestic Debt Exchange Programme (DDEP), will severely contract this year. According to them, the impact of the introduction of…

Ford Motor Co has yet to announce mass layoffs like the ones that have plagued the tech industry in recent months. The latest sign the Detroit automaker might reduce headcount in the near term is from the CEO himself, according to…

A strong rebound in China’s oil demand this year may lead to the OPEC+ group reconsidering its production targets and quotas, according to the International Energy Agency (IEA).  China’s reopening is putting upward pressure on global oil…

Despite a relatively underwhelming rebound in Chinese demand, oil prices were pushed higher at the start of this week by the embargo on Russian oil products and the earthquake in Turkey which took an oil terminal offline.…

Mining players have called for wider consultation on any revision to the prevailing fiscal policy regime that has a potential to affect the industry. While recognising that “fiscal issues sit with the Ministry of Finance”, Chief…

Rand Merchant Bank is warning of constrained fiscal policy in African countries such as Ghana and Zambia due to elevated costs of funding. The two countries are presently undertaking debt restructuring to bring their debt levels to…